Post Utme Afe Babalola University 2019 Commerce Question 3

Practice objective / multiple choice question 3 from the 2019 Post Utme Afe Babalola University Commerce examination.

Post Utme Afe Babalola University 2019 Commerce Objective / Multiple Choice
Question 3 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2019 • COMMERCE • objective

A company has a business insurance policy that covers against fire damage. The policy has a deductible of ₦100,000. If the company suffers a fire loss of ₦500,000, what is the amount that the insurance company will pay?

Answer Options

Correct Answer A. ₦400,000
B. ₦500,000
C. ₦600,000
D. ₦700,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Afe Babalola University 2019 Commerce Question 3. It is one of the objective questions from the 2019 Post Utme Afe Babalola University Commerce examination.

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